Record High Oil Prices Shock Nation

Even though we are in a recession, record high oil prices are hitting us in the pocketbook like never before. The price for crude shot above $102/barrel even though fuel consumption is down. It is likely that we will see $4/gal gas soon. Analysts forecast that by this spring we will be paying over four dollars for each gallon of gasoline and the price may hit five by 2009.

Future Price of Gasoline

Last week I paid $3.39/gallon for gasoline. It was so expensive that I felt like I was pumping in liquid gold. Yes, that golden fluid is most precious. Still, few vehicles are E85. Today I saw that E85 is only $2.79/gallon, that is much better than paying over $3/gal for gas.

My question is:
What is the future price of gasoline?